About Kanji Forex Private Limited
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Kanji Forex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the forex services segment of the financial services sector. It was incorporated on 25 May 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH1998PTC115072. Its GSTIN is 27AABCK3418J1ZK (Maharashtra). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹1.83 Cr. It is led by directors including Amit Talwar and Gautam Rasiklal Ashra.
Its last annual general meeting (AGM) was held on 11 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹72.08 Cr, a decline of 73% compared to the previous year. For the same year it recorded a net profit of ₹61.8 Cr (net margin 85.7%) and EBITDA of -₹2.69 Lakh (EBITDA margin 0%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 20% over five years.
The company has about 117 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Kanji Forex. As per MCA filings, the company has open charges of ₹13.11 Cr and satisfied charges of ₹2.7 Cr on record. Court records list 22 cases involving the company, including 13 filed by the company and 9 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in August 2025. Its 5 peer companies in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 2 smaller; the largest is Delphi World Money Limited with revenue of ₹73.96 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kanji.in.
Company details
Contact details
Kanji Forex Private Limited's registered office is in Mumbai, Maharashtra. Its website is kanji.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA/3 Gokul Arcade Chs Ltd., Sahar Road Near Garware Police Station, Mumbai, Maharashtra, India – 400057
- IndustryFinancial Services, Forex Services
To see the full contact details of Kanji Forex Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Kanji Forex operates one associated brand: Kanji Forex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers currency exchange, remittance, and doorstep services in India. | kanji.in |
Business activity
The main business activity of Kanji Forex is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Kanji Forex Private Limited, buy the company report.
Financials of Kanji Forex Private Limited
FY 2025 filings availableKanji Forex Private Limited reported revenue of ₹72.08 Cr (down 73% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 73% fall in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹72.08 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹61.8 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | ||||
| Net Profit Margin | 85.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Kanji Forex Private Limited, buy the company report.
Board of directors of Kanji Forex Private Limited
Kanji Forex has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautam Rasiklal Ashra Also directs: Anassa Realty LLP, Multiples Private Equity Fund II LLP, Organic Biosystems LLP and 5 more | Nominee Director | 31 Mar 2014 | 12 Years 6 Months | Current |
| Amit Talwar | Director | 08 Sep 2025 | 1 Years 1 Months | Current |
| Vinay Bagri Also directs: Finnew Solutions Private Limited, Finnew Global Solutions Ifsc Private Limited, Niyopay Credit Private Limited and 2 more | Nominee Director | 31 May 2024 | 2 Years 4 Months | Current |
| Virender Singh Also directs: Finnew Solutions Private Limited, Finnew Global Solutions Ifsc Private Limited, Niyopay Credit Private Limited and 2 more | Nominee Director | 31 May 2024 | 2 Years 4 Months | Current |
Peer comparison
Kanji Forex Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Delphi World Money Limited | ₹73.96 Cr (FY 2025) | -24.0% | Mumbai, Maharashtra, India | |||
| Ultimate Exchange Private Limited | ₹73.41 Cr (FY 2018) | 3719.0% | New Delhi, Delhi, India | |||
| Dilkush Forex Solutions Private Limited | ₹72.47 Cr (FY 2024) | 47.0% | Chennai, Tamil Nadu, India | |||
| Kanji Forex Private Limitedthis company | ₹72.08 Cr (FY 2025) | ₹61.8 Cr | 85.7% | -73.0% | 117 | Mumbai, Maharashtra, India |
| Dhanlav Forex Private Limited | ₹71.27 Cr (FY 2024) | 32.0% | Amritsar, Punjab, India | |||
| Nishtha Forex Private Limited | ₹70.29 Cr (FY 2025) | -6.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Kanji Forex Private Limited, buy the company report.
Auditor
Kanji Forex Private Limited is audited by R Sogani & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R Sogani & Associates | FY 2025 | 018755C |
Shareholding
The shareholding of Kanji Forex Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kanji Forex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Dec 2025 | 101200270 | Others | ₹6 Cr | Open | |
| 17 Jul 2025 | 101129820 | Others | ₹7.11 Cr | Open | |
| 08 Jul 2022 | 100593158 | Others | ₹2.68 Cr | Satisfied | |
| 08 Jul 2022 | 100593172 | Others | ₹1 Lakh | Satisfied | |
| 08 Jul 2022 | 100593285 | Others | ₹1 Lakh | Satisfied |
To see the full charge records of Kanji Forex Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Kanji Forex Private Limited has 1 deal on record (1 acquisition); the latest was in August 2025.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2025 | Acquisition | Undisclosed | Buyer: Finnew Solutions Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kanji Forex Private Limited has 22 court cases on record: 13 filed by Kanji Forex, 9 filed against it. 1 case is pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 6 | 1 |
| High courts | 4 | 3 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Marks Pryor Marking Technology Pvt. Ltd. and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against M/S. Kapila Infrastructure Ltd. and 4 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against Ms. Indigold Refineries Ltd. and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Ms Indigold Refineries Ltd. and Ors. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against an individual | Pending |
To see the full case history of Kanji Forex Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kanji Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kanji Forex Private Limited has a workforce of 117 employees on its EPFO records as of Dec 01, 2025, across 1 active EPFO establishment.
GST
Kanji Forex has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCK3418J1ZK | Maharashtra | Active | 01 Jul 2017 |
| 27AABCK3418J2ZJ | Maharashtra | Active | 01 Apr 2025 |
| 29AABCK3418J1ZG | Karnataka | Active | 30 Jul 2024 |
| 06AABCK3418J1ZO | Haryana | Active | 31 Oct 2025 |
To see the full GST registrations and return filing status of Kanji Forex Private Limited, buy the company report.
Recent activity
Kanji Forex Private Limited has 26 board changes on record since 1998: 15 appointments and 11 cessations. The latest: Amit Talwar was appointed as Director on 08 Sep 2025.
26 earlier events are in the company report.
Frequently asked questions
Kanji Forex is an active private limited company based in Mumbai, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 25 May 1998 (28+ years old) and is registered under CIN U67190MH1998PTC115072.
Kanji Forex has 4 current directors:
- Gautam Rasiklal Ashra - Nominee Director
- Amit Talwar - Director
- Vinay Bagri - Nominee Director
- Virender Singh - Nominee Director
The latest financial statements of Kanji Forex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kanji Forex is 27AABCK3418J1ZK, registered in Maharashtra. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 27AABCK3418J2ZJ (Maharashtra), 29AABCK3418J1ZG (Karnataka), 06AABCK3418J1ZO (Haryana).
The CIN (Corporate Identification Number) of Kanji Forex is U67190MH1998PTC115072. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kanji Forex has 22 court cases on record: 13 filed by the company and 9 filed against it. 1 is pending. Most are in the district courts.
Kanji Forex was incorporated on 25 May 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Kanji Forex has 1 deal on record (1 acquisition); the latest was in August 2025.
The peers of Kanji Forex by revenue are Delphi World Money Limited, Ultimate Exchange Private Limited, Dilkush Forex Solutions Private Limited, Dhanlav Forex Private Limited, Nishtha Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Amit Talwar was appointed as Director on 08 Sep 2025. Jignesh Jayantilal Chacha ceased to be Director on 31 May 2024. Kumar Seshadri Mahadevan ceased to be Director on 31 May 2024. Kanji Forex has 26 board changes on record in total.
Kanji Forex can be reached through the website kanji.in. Its registered office is in Mumbai, Maharashtra, India.